After staging an impressive post-earnings pop in late May, the shares of Ulta Beauty (ULTA) spent the former half of this month consolidating just below the $430 level before losing some of this steam as June volatility wore on. Compared to the rest of the market, ULTA has done relatively week for itself, though. The…
A businessman and a businesswoman look up at a large bear as it casts its shadow across a stock … [+] market chart. getty Rising fears of an impending economic downturn have added to investors’ fears that things could continue to get worse. Beyond the traditional measure of stocks being at least 20% below the…
Investors are cheering for gains this week to hold headed into Friday trading. (Photo by Andrew … [+] Burton/Getty Images) Getty Images Key Takeaways Markets Looking To End The Week Higher Inflation Remains In Focus Looking For Volatility Confirmation In spite of a shortened week or perhaps because of it, markets have thus far managed…
Markets showed signs of life Wednesday, reversing early day losses. (Photo by Bryan R. Smith / AFP) … [+] (Photo by BRYAN R. SMITH/AFP via Getty Images) AFP via Getty Images Key Takeaways Markets Reversed Losses Wednesday Interest Rates Coming Down Volatility Remains High Still Wednesday morning was looking a bit gloomy as markets were…
Gas prices continue adding inflationary pressure and potential for a recession. (Photo by Win … [+] McNamee/Getty Images) Getty Images Key Takeaways Goldman Sachs Increases Recession Probability Bitcoin BTC Under Pressure Can Markets Hold Gains It’s a holiday shortened week with little news, but as I mentioned a couple weeks ago, quiet news weeks have…
A bear rests on top of a downward pointing stock chart. getty Stocks continued their descent last week, with the S&P 500 now well into bear market territory at -23% from the high. While most define bear markets as a decline of 20% from the high, some pullbacks just kiss that level or don’t result…
Jerome Powell, chairman of the US Federal Reserve, departs following a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, D.C., US, on Wednesday, June 15, 2022. Federal Reserve officials raised their main interest rate by three-quarters of a percentage point and signaled they will keep hiking aggressively this year.…
On May 6, I shared my thoughts on how to navigate the current stock market turmoil, noting that the selloff was likely driven by many different investor concerns: inflation, interest rates, the war in Ukraine, supply chain disruptions, and an economic slowdown in China. Unfortunately, with these factors still in play, the stock market (using…
. Prices of goods have been running rampant with the highest recorded inflation in decades. To try to ease this, the Federal Reserve has been incrementally increasing interest rates over the past few months and just raised rates 75 basis points. Despite the moves, inflation reached a 40-year high in May 2022, forcing many consumers…
Despite a bear market, many on Wall Street are optimistic about the long term prognosis for the … [+] economy and markets. LightRocket via Getty Images “The underlying US economy is going to be okay,” assures Jeff Erdmann, a 37-year Merrill Lynch veteran and Forbes/Shook Top Advisor with $12 billion under management. “We’re going to…